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than 2% a year, think again. >> for those that were previously reduced, we are required by state law, proposition 8, to restore the assessed value to reflect the improving market value when the market begins to turn around. >> reporter: let's say you bought your house five years ago for $800,000. that's considered your prop 13 base even if your value goes way up, your assessed value will go up no more than 2% a year. but prop 8 allows the county to reassess your property to reflect a lower market value, which means if your value declines, you'll get a lower tax bill. but here's the catch. if your home value jumps back up but it's still worth less than you paid, you could see a big property tax increase in this case 6.9%. >> it might be 2.1%. it might be 10% depending upon the market that's occurring in that specific neighborhood. >> reporter: while that increase may be a painful surprise, the county assessor larry stone says there's a silver lining. >> for everyone 1% increase in the property taxes, the property owner gains 99% in improved equity. >> reporter: he also says only 10% o
care law, specifically that would target high-income earners. in fact, they would be paying a higher rate than they did under president clinton. >> reporter: finally, governor romney on the deficit under the obama administration -- >> the president said he'd cut the deficit in half. unfortunately, he doubled it. trillion-dollar deficits for the last four years. >> when romney accuses the president of doubling a deficit, he's stretching the truth a bit. obama inherited a $1.2 trillion deficit when he came into office. you in the president increased that to $1.4 trillion deficit, but the deficits have stayed just under that. they've stayed very high, but they've been just under that for the next couple of years. he hasn't doubled it. >> reporter: these were just a few of the misleading claims flagged by fact check. and they may have found sounded familiar. >> as facts checkers, we've heard these claims over and over again. there wasn't a whole lot new in last night's debate. >> reporter: don't be surprised when you hear similar claims in the remaining debates. one topic that will surel
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